Friday, July 21, 2017

Jul[7] - Market Updates

Singapore: 
Last trading day saw STI closing 3315, which is 2017 peak. Looking forward, 3550 (peak since 2009) could be major resistance ahead. Looking backwards, the rally could be longest stretch over past 9 years also. There is a long list of financial results to be released on coming week, which could determine market sentiment. A meeting among top oil producing nations next week could affect mid term movement of oil price as well.

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).

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